My Big Idea is the perfect business idea development tool.

Starting a business is a bold step, and the Global Sisters My Big Idea template can help you with your business idea development. It is your compass for the exciting journey of building a business idea that works for you.

What is the My Big Idea template?

Embark on your entrepreneurial adventure with confidence using the My Big Idea template. It’s not just a form; it’s your roadmap to clarity. This tool empowers individuals ready to turn their business ideas into reality. With this template, you can dive deep into business idea development to determine which new business idea is right for you.

Whether you work on this independently, using our My Big Idea: Self-Guided program, or join other sisters for support in our My Big Idea: LIVE, you’ll walk away with a clear business idea formulation that works for you.

Download the My Big Idea template to get started with your big business idea.

Benefits of using My Big Idea for business idea formulation

1. Confidence booster: If you’re already confident about the viability of your new business ideas, this tool acts as a validation checkpoint. Use it to confirm that your business idea aligns with your passion and solves a real market problem.

2. Clarify your passion: While exploring business ideas, you’ll also be able to explore what you love, what people will pay for, and what you know. The intersection of these three things is your sweet spot. It’s the business idea that will help you turn what may have been a hobby into a profitable venture.

3. Identify market problems: Passion is great, but you also want to ensure the market needs your business idea. So, with our My Big Idea template, we’ll delve deeper to uncover the root causes of the problems your business aims to solve. With this deeper understanding, you can pick three key issues to focus your new business idea on.

4. Define your ‘Why’: A purpose-driven business will help you stay engaged and attract like-minded customers or clients when the going gets tough. During the business idea development process, you’ll be able to articulate the why behind your business idea and what drives you to start the business in the first place.

5. Summarises key workshop components: The My Big Idea template condenses the essence of the My Big Idea program, which we regularly run. It focuses on your idea, its viability, and the problem it solves, paving the way for a smoother business model design at Sister School.

How does the My Big Idea business idea development work?

We recommend you fill out our My Big Idea template before signing up for Sister School. We want you to be as clear as possible on your new business idea before we dive deeper into developing the business itself. To help you fill it out, you can do either the self-guided workshop or sign up for our next My Big Idea: LIVE program with your fellow Sisters. 

Below, we break down the different parts of the My Big Idea template to help you formulate your business idea.

My Idea is

The first step in the template is to detail what you have as your idea now. Put whatever comes to mind in there. This is just a starting point. We’ll be going deeper into the business idea. 

1. Find your sweet spot

You can see a Venn diagram that lays out how you discover the sweet spot of your big business idea. To find your sweet spot, you’ll have to look at:

• What do you love – what are you passionate about? What makes you excited to get out of bed?
• What will people pay you for – this might be previous jobs or other work you’ve done.
• What do you know – what are your skills? What qualifications do you have? What have you done before? 

Uncovering this intersection of passion, profitability, and expertise will be what defines your sweet spot. It will help you understand your business idea better.

2. What problem are you solving?

We explore how your new business idea may solve the problems of your prospective customers or clients. Using an iceberg as a visual guide with part of the problem above water and the rest underneath, you need to consider the following:

• What are the problems you’re solving that can be seen?
• What are the underlying causes of these problems? Focus on three core issues.

When developing your business idea, dive beneath the surface to uncover the root causes of the problems your business aims to solve. This may just stimulate new ideas of how to solve them.

3. Providing a purpose for your business idea

Share your three core reasons, laying the foundation for a meaningful and purpose-driven venture. When you reflect on your motivations for starting a business and articulate your driving forces and aspirations, you establish a clear sense of purpose that fuels your entrepreneurial journey and helps you design the business you want to lead. 

What to do once you’ve got your big business idea

Now that your business idea is crystallised, here’s what you can do:

1. Validate your idea: No-one can validate (or invalidate!) your idea until you get it in front of your target customer. In the meantime, seek out relevant people to talk to, do desktop research or even share your idea with the Global Sisters Community. 
2. Join Sister School: Elevate your business idea by registering for the next Sister School program. Develop your business model and refine your entrepreneurial skills.

The My Big Idea template isn’t just a document; it’s your launchpad into entrepreneurship. Clarify your idea, share it with the world, and take the first steps toward building a business that reflects your passion and purpose. Your journey begins here!

If you need help filling out the My Big Idea template, we offer My Big Idea: Self-Guided or the My Big Idea: LIVE, where you can work on it alongside other Sisters. Once completed, you can continue building your business by accessing our Sister Portal, which offers more valuable business knowledge and expert tips. For more hands-on guidance, join our free Global Sisters business programs.

Disclaimer: The tools, templates, and checklists in our resource library are guides, not substitutes for professional advice. Global Sisters recommends seeking financial advice before business decisions. External documents may be referenced for additional information; verify details from those sources for comprehensive insights.